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Payment Account Comparison (PACS) Tool Data Feed

MONEY AND PENSIONS SERVICE

This public procurement record has 5 releases in its history.

Award

16 Jun 2025 at 16:09

Award Notice
Tender

06 Nov 2024 at 14:24

Tender Notice
TenderUpdate

18 Jun 2024 at 13:38

Tender Notice
TenderUpdate

18 Jun 2024 at 13:27

Tender Notice
Planning

18 Jun 2024 at 11:48

Planning Notice
Summary of the contracting process

The recent procurement process by the Money and Pensions Service (MaPS) for the "Payment Account Comparison (PACS) Tool Data Feed" focuses on banking services and is positioned within the services procurement category. This procurement process, completed on 16th June 2025, culminated in a contract award to Defaqto Limited, effective from 13th April 2025. The process adhered to the open procedure method under the PCR2015 regulations, prioritising quality, social value, and price. The procurement aimed to secure a data feed from Payment Service Providers, enhancing the Payment Account Comparison Tool they operate. The initiative took place in the UK, with a strong emphasis on economic affairs, and signalled a completed contract stage.

This contract presents significant opportunities for businesses specialising in data services, particularly those with expertise in financial data management and analysis. Companies offering advanced data integration solutions that align with statutory requirements for transparency in fees and charges could benefit from similar future tenders. Firms capable of delivering high-quality data feeds that enhance user experience through increased competition and fee transparency are well-positioned to compete. The opportunity also underscores the potential for collaboration within the banking services sector, aiming to improve service accessibility and comparability in the UK marketplace, thus driving innovation and market expansion.

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Notice Information

Notice Title

Payment Account Comparison (PACS) Tool Data Feed

Notice Description

Contract for the provision of a data feed of the Payment Service Providers' (PSP) Payment account products, and to compare a specific and limited list of fees and charges known as the Linked Services list for the Payment Account Comparison Tool operated by MaPS.

Lot Information

Lot 1

The procurement was concluded under the PCR2015 regulations. The contracting authority awarded the contract based on the most economically advantageous tender (MEAT) with a weighting split of 70% Quality, 10% Social Value and 20% Price.

Renewal: 12 months optional extension period

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0470b3
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/032710-2025
Current Stage
Award
All Stages
Planning, Tender, Award

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

98 - Other community, social and personal services

CPV Codes

66110000 - Banking services

66500000 - Insurance and pension services

98000000 - Other community, social and personal services

Notice Value(s)

Tender Value
£293,333 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£368,300 £100K-£500K

Notice Dates

Publication Date
16 Jun 20251 years ago
Submission Deadline
6 Dec 2024Expired
Future Notice Date
19 Jun 2024Expired
Award Date
13 Apr 20251 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
MONEY AND PENSIONS SERVICE
Additional Buyers

Money and Pensions Service

Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BEDFORD
Postcode
MK42 9AB
Postcode Area
Milton Keynes
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH2 Bedfordshire and Hertfordshire
Small Region (ITL 3)
TLH24 Bedford
Delivery Location
Not specified
Local Authority
Bedford
Electoral Ward
Cauldwell
Westminster Constituency
Bedford

Supplier Information

Number of Suppliers
1
Supplier Name

Defaqto Limited

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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